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2 nd in the World for research excellence and the most efficient in the G8 2 nd for university - business collaboration and 3 rd for the quality of scientific research institutions HE – UK’s 7 th biggest export industry Ring-fenced funding (£4.6bn) and around 15% European research funding Strong foundations

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Sustaining the balance between curiosity driven research and national priorities A long-term commitment of funding: dual support / QR Investing in infrastructure and human capital Vibrant postgraduate and postdoctoral communities A research assessment process that stimulates excellence and commands confidence: [REF] RESEARCH Pre-requisites for success

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Improving access to, a linkage between, datasets to tackle some of the major issues facing society and the economy in new and innovative ways. Researching casual pathways over the life course – linking data on education, health, employment, income and wealth Informing policies on poverty, social mobility and childcare Date Research (2) The UK Administrative Data Research Network

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Open access (1) Removing paywalls that surround taxpayer funded research will have real economic and social benefits… it will herald a new era of academic discovery… and keep the UK at the forefront of global research.

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HEFCE’s view: Outputs from publicity funded research should be widely and freely disseminated The long run aim is wide availability of publicly funded research: the transition needs to be carefully managed The transition will mean additional costs – these are small relative to total research budgets – no plans to change funding allocations There will be no effect on REF 2014 – we will consult on the principles, polices and practical issues that affect REF 2020 Open access (2)